"Doing all they can"??? This is not a new problem. Serious work on this situation should have started ages ago. Florida has had hurricane damage forever. Cut the crap, people.
Older Homes/New Replacement Costs. Ground level housing. Higher Density Housing Developments (10' ft apart). Lawsuits were a issue but going to far the other way (removing almost all homeowners rights) screws over homeowners with disagreements with their insurance companies. Homeowners insurance companies no longer want to subsidize the growth where developers are making the profits.
Unfortunately, by the time these so-call reforms are expected to ease insurance rates, the people most affected by this, seniors, will have either passed away or forced to live with relatives because they could no longer afford to wait it out. The insurance companies say they are raising rates and dropping policyholders due to climate change, inflation, and supply chain issues. I don't see any of those factors going away any time soon, so those politicians promising relief in the near future are just blowing hot air.
Have interviewed the Lobbyist rep Big Insurance in Tally yet? I bet they might have some insight. Anyone? Desantas is hurting a lot of Middle & Class homeowners, and Senior Owners too.
The higher the price of the home or business, then the insurance goes up . That’s the problem , greedy insurance investors. I can’t see the rates going down until the values go down if then .
The problem is: wealthy people not paying their fair share of insurance. I pay half the value of my old car just to have minimum insurance. Do wealthy people pay 250k / year for a 500k car? How about home insurance? The same goes for this, many multi million dollar homes on the ocean. Being destroyed by storms and consequently immediately rebuilt without question unlike the rest of us whereas insurance companies deny coverage despite always paying.
The wealthy don’t worry about insurance. They insure themselves. Which is why when storms wipe out communities, they move in. And in all likelihood they have many residences so they can split when impending storms are predicted. The wealthy aren’t affected by any of the misery currently happening including inflation. In fact, they’re getting wealthier.
There was never that many people supposed to be living in those areas and then they built and they built on land that should never have been built on....
it's all talk. citizens insurance said year's ago if there was a big storm they didn't have the money to pay all the claims. sell your place and move somewhere else because between this and taxes most people can't afford it.
The bottom line is that insurance companies regardless of their type are in the business of making money. When the claims exceed the premiums, that’s it. I recently had to spend $10,000 and one of the contractors told me that people who put in claims for water damaged floors wait months. I didn’t because they didn’t cover a damaged drainpipe that soaked through the foundation and created mold and damaged my floor. They would have covered the floor if it exceeded $1,000, but the agent told me in all likelihood I would be dropped.
Have you noticed all the shyster billboards while driving down Interstate 75? A beginning would be to outlaw shyster advertising. Pics of fat people smiling with statements like Dumb, Dumber and Dumbest won me 4 million dollars off my slip and fall at Big Grocery Store. Pretty sickening.
insurers PAY THE CORRECT VALUE FOR THE CLAIM, QUIT SCREWING PEOPLE homeowners: STOP THE FRIVILOUS LAWSUITS BY LAWYERS AND "PUBLIC ADJUSTERS" IT WILL NEVER GET FIXED AS LONG AS IT HOVERS AROUND GREED. People get big claim payments, but the money has to come from somewhere. Insurers will not go broke, they will make money no matter what, no matter how. People think their insurance is a bottomless well of money, but fail to realize the premiums will go up to enable the insurance companies to recoup their money. Saw a commercial yesterday for an Orlando injury law firm, the guy gets rear-ended and says he called them right from the seat after the hit, and got money direct deposited. This is the problem, greed.
Too bad, you get the government you deserve. Here’s an idea….. maybe 20+ years of straight Republican rule isn’t the best idea However, you did….. deal with the consequences
The ceo's are making record profits?
What gives?
"Doing all they can"??? This is not a new problem. Serious work on this situation should have started ages ago. Florida has had hurricane damage forever. Cut the crap, people.
Ins cost more than my mortgage ever did . Kiss my butt ins.
Older Homes/New Replacement Costs.
Ground level housing.
Higher Density Housing Developments (10' ft apart).
Lawsuits were a issue but going to far the other way (removing almost all homeowners rights) screws over homeowners with disagreements with their insurance companies.
Homeowners insurance companies no longer want to subsidize the growth where developers are making the profits.
Unfortunately, by the time these so-call reforms are expected to ease insurance rates, the people most affected by this, seniors, will have either passed away or forced to live with relatives because they could no longer afford to wait it out. The insurance companies say they are raising rates and dropping policyholders due to climate change, inflation, and supply chain issues. I don't see any of those factors going away any time soon, so those politicians promising relief in the near future are just blowing hot air.
Have interviewed the Lobbyist rep Big Insurance in Tally yet? I bet they might have some insight. Anyone? Desantas is hurting a lot of Middle & Class homeowners, and Senior Owners too.
Nothing is really being done because lawyers and insurers want it this way.
We had to drop our insurance on house because of price increases
We need medicine and food
We told them this would happen with all these developments and the property taxes are bs
They aren’t doing anything that would actually help the residents of Florida.
20+ years of straight republicans rule
Actions have consequences….. too damn bad, you wanted this, live with it
These Republicans in charge across our state could care less about us.
“We’re seeing more companies come into Florida”
Now that’s hilarious……
Example...100,000 (people)×1,900 (insurance rate per year) = 190 million profit... where all that money go? Insurance is a scam
The higher the price of the home or business, then the insurance goes up . That’s the problem , greedy insurance investors. I can’t see the rates going down until the values go down if then .
Not really. Mobile home owners are getting dropped.
"I realized I probably approved it."
Yeah. He really said that.
Well, it's better said than done, let just hope change will come quickly. They say, this year will be a very active year for hurricane.
what is she talking about at the end ?
The problem is: wealthy people not paying their fair share of insurance.
I pay half the value of my old car just to have minimum insurance.
Do wealthy people pay 250k / year for a 500k car?
How about home insurance?
The same goes for this, many multi million dollar homes on the ocean.
Being destroyed by storms and consequently immediately rebuilt without question unlike the rest of us whereas insurance companies deny coverage despite always paying.
The wealthy don’t worry about insurance. They insure themselves. Which is why when storms wipe out communities, they move in. And in all likelihood they have many residences so they can split when impending storms are predicted. The wealthy aren’t affected by any of the misery currently happening including inflation. In fact, they’re getting wealthier.
Bad risky investments biting the consumer in the arse.
They blame it on the claims? Lol. Slaps knee.
There was never that many people supposed to be living in those areas and then they built and they built on land that should never have been built on....
it's all talk. citizens insurance said year's ago if there was a big storm they didn't have the money to pay all the claims. sell your place and move somewhere else because between this and taxes most people can't afford it.
The bottom line is that insurance companies regardless of their type are in the business of making money. When the claims exceed the premiums, that’s it. I recently had to spend $10,000 and one of the contractors told me that people who put in claims for water damaged floors wait months. I didn’t because they didn’t cover a damaged drainpipe that soaked through the foundation and created mold and damaged my floor. They would have covered the floor if it exceeded $1,000, but the agent told me in all likelihood I would be dropped.
Florida is only 9% of claims nationally, but 80% of the litigation.
28% rise in our car insurance for what?
Better off with no insurance.
The insurance company needs insurance there darn selfs ridiculous
I properly passed it “what “
Passing bills you really don’t understand
You think these people care about you?
Have you noticed all the shyster billboards while driving down Interstate 75? A beginning would be to outlaw shyster advertising. Pics of fat people smiling with statements like Dumb, Dumber and Dumbest won me 4 million dollars off my slip and fall at Big Grocery Store. Pretty sickening.
insurers PAY THE CORRECT VALUE FOR THE CLAIM, QUIT SCREWING PEOPLE
homeowners: STOP THE FRIVILOUS LAWSUITS BY LAWYERS AND "PUBLIC ADJUSTERS"
IT WILL NEVER GET FIXED AS LONG AS IT HOVERS AROUND GREED.
People get big claim payments, but the money has to come from somewhere. Insurers will not go broke, they will make money no matter what, no matter how. People think their insurance is a bottomless well of money, but fail to realize the premiums will go up to enable the insurance companies to recoup their money.
Saw a commercial yesterday for an Orlando injury law firm, the guy gets rear-ended and says he called them right from the seat after the hit, and got money direct deposited. This is the problem, greed.
Too bad, you get the government you deserve.
Here’s an idea….. maybe 20+ years of straight Republican rule isn’t the best idea
However, you did….. deal with the consequences